the economy will automatically adjust to the needs of buyers and sellers.<nova net answer.
the economy will automatically adjust to the needs of buyers and sellers.
the economy will automatically adjust to the needs of buyers and sellers.
Adam Smith's invisible hand theory
The invisible hand theory described the market's ability to self regulate. Government intervention is not needed for an individual to make and maximize profit.
when you get touched by a ghost in the wrong places
Invisible hand theory, the economy will regulate itself without government intervention
the economy will automatically adjust to the needs of buyers and sellers.
the economy will automatically adjust to the needs of buyers and sellers
Adam Smith believed that all people in the economy are guided by the "invisible hand", which means that people act mainly out of self interest.
Adam Smith A+ Answered By Pimp Daddy SBON
The invisible hand is a theory originally popularized by Adam Smith, the man considered the godfather of modern-day economics. In his economic theory he proposed that everyone within a society makes certain financial decisions beneficial (if not utterly selfish) to them, yet the net effect of all the individuals results in a stronger economy. The force that drives these decisions are what he called the invisible hand. Fun fact: Adam Smith did not want to be an economist- he wanted to be a Moralist...
Adam Smith developed the theory of classical capitalism.